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Norway’s $1T Sovereign Fund Enters Asia with $823M Tokyo Bet

2017/12/10 by Greg Isaacson Leave a Comment

Norway’s sovereign wealth fund is making its first foray into Asian real estate, by buying a majority stake in a set of five retail and office properties in Tokyo for 92.75 billion yen ($823 million).

Norges Bank Investment Management (NBIM),… Read More>>

Norway's sovereign wealth fund is making its first foray into Asian real estate, by buying a majority stake in a set of … Read more>>>

Wang Jianlin

Wanda Slid Out of $3B Ski Resort Investment as Downhill Run Began

Wang Jianlin

2017/12/04 by Greg Isaacson Leave a Comment

Dalian Wanda boss Wang Jianlin may no longer be China’s richest man, but he can still make a whole mountain disappear.

Wang’s Dalian Wanda Commercial Properties quietly sold off its equity in the $3 billion Changbaishan International Resort in northeastern… Read More>>

Dalian Wanda boss Wang Jianlin may no longer be China's richest man, but he can still make a whole mountain … Read more>>>

Guy Bradley Swire

BNP Paribas Takes 8 Floors in Taikoo Place as Multinationals Flee HK’s Central

Guy Bradley Swire

2017/12/03 by Michael Cole Leave a Comment

BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay.

The company, which is the world’s sixth-largest… Read More>>

BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Announces Sale of Pair of Hong Kong Properties for Combined $322M

Samuel WT Chu and Benjamin KY Lee

2017/12/01 by Michael Cole Leave a Comment

Phoenix Property Investors seized the opportunity presented by Hong Kong’s surging real estate market by announcing the sale of a pair of properties in the city this week for a combined $322 million.

The two disposals by the private equity… Read More>>

Phoenix Property Investors seized the opportunity presented by Hong Kong’s surging real estate market by announcing the … Read more>>>

Jason Leow CapitaLand Mall Asia

CapitaLand and CRCT Buy Guangzhou Mall for $511M

Jason Leow CapitaLand Mall Asia

2017/12/01 by Greg Isaacson Leave a Comment

Singapore’s top developer continues to ramp up its retail presence in China, with CapitaLand Mall Asia and CapitaLand Retail China Trust (CRCT) partnering to buy a shopping mall in Guangzhou for RMB 3.36 billion ($511 million).

CRCT is taking a 51… Read More>>

Singapore's top developer continues to ramp up its retail presence in China, with CapitaLand Mall Asia and CapitaLand … Read more>>>

Warburg Pincus Sees Lots of Future in $227M Chinese Parking Investment

2017/11/29 by Greg Isaacson Leave a Comment

Warburg Pincus is raising its bet on niche real estate assets in China, with an affiliate of the US private equity firm leading a RMB 1.5 billion ($227 million) round of financing for the country’s biggest car park manager, Sunsea… Read More>>

Warburg Pincus is raising its bet on niche real estate assets in China, with an affiliate of the US private equity firm … Read more>>>

Ching Chiat Kwong Oxley

Oxley Confirms Bid for Singapore’s $490M Chevron House

Ching Chiat Kwong Oxley

2017/11/27 by Greg Isaacson Leave a Comment

Singapore’s Oxley Holdings is in talks to buy the Chevron House commercial tower in the city-state’s financial district, the company confirmed, following a newspaper report that the developer was close to purchasing the asset for around S$660 million ($490 million).

… Read More>>

Singapore's Oxley Holdings is in talks to buy the Chevron House commercial tower in the city-state's financial district, … Read more>>>

Tang-Shing-bor-1

Kailong REI Said To Buy Hong Kong Hotel for $173M

Tang-Shing-bor-1

2017/11/21 by Greg Isaacson Leave a Comment

Just over a year after Kailong Real Estate Investment sold off a former hotel that it had converted into a co-working centre in Shanghai, the Warburg Pincus-backed firm is said to have bought the Kings Hotel in Hong Kong’s Wanchai… Read More>>

Just over a year after Kailong Real Estate Investment sold off a former hotel that it had converted into a co-working … Read more>>>

CLSA Capital Partners To Sell Hong Kong Retail Tower for $243M

2017/11/21 by Greg Isaacson Leave a Comment

CLSA Capital Partners is reportedly close to selling Zing!, a retail tower in the heart of Hong Kong’s Causeway Bay shopping district, for HK$1.9 billion ($243 million) to a Macau-based consortium.

The Hong Kong-based alternative asset manager is expected to… Read More>>

CLSA Capital Partners is reportedly close to selling Zing!, a retail tower in the heart of Hong Kong's Causeway Bay … Read more>>>

Goodwin Gaw

Gaw Capital To Buy Singapore Commercial Complex for $253M

Goodwin Gaw

2017/11/21 by Greg Isaacson Leave a Comment

A fund managed by Gaw Capital Partners has agreed to pay S$342 million ($253 million) for PoMo, a nine-storey office and retail complex in central Singapore, as the city-state’s real estate investment market continues to gather steam.

The Hong Kong… Read More>>

A fund managed by Gaw Capital Partners has agreed to pay S$342 million ($253 million) for PoMo, a nine-storey office and … Read more>>>

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